RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Finalstep Right Ron. Two material things to remember this morning:
1. Professional services is growing nicely in revenue, earnings and backlog;
2. LSTKs winding down and way below the 300m or 2.75$ max loss per share announced in March;
3. WSP's three acquisitions this year are at 200,000$-300,000$ per employee. We have about 50,000 employees and an Entreprise value of 5.85B with Capital or 3.55B if we exclude 2.3B for Capital. So the market values each SNC/ATKINS employee at 3.55B / 42,000 employees = 85,000$. Hallelujah.
We paid 235,000$ per Atkins employee back in 2017. 4.2B / 18,000 employees.
https://www.newswire.ca/news-releases/snc-lavalin-to-acquire-ws-atkins-to-greatly-expand-our-global-consulting-design-and-project-management-capabilities-620002683.html
4. 2% of the shares are held by snc employees. See 2022 annual report: page 68
https://www.snclavalin.com/~/media/Files/S/SNC-Lavalin/investor-briefcase/en/2022/snc-lavalin-proxy-circular-2022-en.pdf